Monograph (Authorship)

Dimensionen und Auswirkungen eines Freihandelsabkommens zwischen der EU und den USA

Gabriel Felbermayr, Mario Larch, Finn Krüger, Lisandra Flach, Erdal Yalcin, Sebastian Benz
ifo Institut, München, 2013

ifo Forschungsberichte / 62

On behalf of the Federal Ministry of Economics and Technology, the Ifo institute has accomplished this evaluation study, which analyzes the dimensions and impact of a free trade agreement between the USA and the EU. Accordingly, a comprehensive free trade agreement (Transatlantic Trade and Investment Partnership, TTIP) between the two regions, which includes a significant reduction of non-tariff barriers, has the potential for sizeable welfare gains. Medium-sized enterprises benefit particularly from the expected cost reductions. Real wages in Germany would increase by 1.6%, and unemployment is expected to drop slightly. However, sustainable negative effects on the world trading regime are not very likely.

JEL Classification: F100, F130, F150